1. Where the contract contemplates overseas shipment and contains a term C.I.F. or C. & F.or F.O.B. vessel, the seller unless otherwise agreed must obtain a negotiable billof lading stating that the goods have been loaded on board or,in the case of a term C.I.F.or C. & F., received for shipment. 2. Where in a case within subsection 1 a tangible billof lading has been issued in a set of parts, unless otherwise agreed ifthe documents are not to be sent from abroad the buyer may demand tender of the full set; otherwise only one part of the bill of lading need be tendered. Even ifthe agreement expressly requires a full set, a. due tender of a single part isacceptable within the provisions of this Article on cure of improper delivery (section 554.2508, subsection 1); and b. even though the fullset isdemanded, ifthe documents are sent from abroad the person tendering an incomplete set may nevertheless require payment upon furnishing an indemnity which the buyer in good faith deems adequate. 3. A shipment by water or by airor a contract contemplating such shipment is“overseas” insofaras by usage of trade or agreement itissubject to thecommercial, financing or shipping practices characteristic of international deep water commerce.
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